Michael McGrath:
There are dramatic inconsistencies about the way the banks treat people e.g the different terms of split mortgages . that is unfair to people
Governor: Not our aim to achieve consistency. but to achieve minimum, but high, standards. We are not telling them how to do it.
Some borrowers will get an even better treatment than our minimum.
Banks will learn from each other.
Which bank would you like us to choose to model our approach on?
I get angry international bankers saying "The Irish have violated international banking practices" which, of course, we aren't.
The different rhetoric from different banks, may reflect the differences in style
McGrath: It's not just rhetoric. the practices are different on the ground.
Honohan: Agreed. I am not minded, at the moment, to limit the solutions. We have our own views on which are the best practices.
McGrath: What about unregulated mortgages? Are you happy to preside over them?
Honohan: I am not happy with this situation. I preside over regulated banks, so it's out of our control. We have communicated that unhappiness.
McGrath: To clarify, do you have any role where they voluntarily comply?
Honohan: We keep an eye on it. We are unhappy with the situation.
McGrath: May I ask about the court case yesterday...
Chairman interrupts: The Oireachtas, and its committees do not comment on court cases or court verdicts, so keep your questions and answers within that constraint.